A maritime industry consortium and the existing syndicate of banks of shipbuilder Royal IHC, including the three major Dutch banks, have reached a heads of agreement for the acquisition and refinancing of IHC Merwede Holding B.V.
Cash strapped German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has filed for the opening of insolvency proceedings at the local court in Flensburg. The court has approved the application and ordered a provisional self-administration, according to the documents seen by Offshore Energy. The
Hudong delivers Total-chartered LNG bunker vessel
Norwegian shipowner 2020 Bulkers has pushed the delivery dates for the last two of its scrubber-fitted newbuilding bulkers for the first half of June 2020. The two 208,000 dwt Newcastlemaxes are being built at New Times Shipyard in China and form part of a batch of a total of eight units built at th
Chinese shipbuilding giant China State Shipbuilding Corporation (CSSC) has won a deal for the construction of twelve dual-fuel tankers. The order was booked by Bank of Communications Financial Leasing (Bocomm Leasing) which has secured charters for the newbuilds from the energy major Shell. Shell wi
Singapore’s offshore rig and vessel builder Keppel Offshore & Marine saw its quarterly profit halved despite an increase in revenues.
German liner giant Hapag-Lloyd is postponing the decision on the ordering of new ultra-large containerships until further notice due to the ongoing market uncertainty caused by the coronavirus pandemic. The container shipping major revealed its intention to order new ships back in January this year,
Dutch offshore lifting equipment provider KenzFigee has been awarded a contract by Amsterdam-based shipping company Spliethoff for the delivery of pipe handling gantry cranes for their two newbuild multipurpose DP2 B-type vessels, currently under construction at the Mawei Shipyard in China.
South Korea’s two shipbuilding heavyweights, Korea Shipbuilding & Offshore Engineering Co and Samsung Heavy Industries have released their business performance figures for the first quarter of 2020. Korea Shipbuilding & Offshore Engineering Co posted a net profit of ₩ 1.64.9 billion ($ 135.3 million
Finnish shipbuilder Meyer Turku shipyard has launched talks with its employees on the layoff of 450 people as a result of the coronavirus crisis on the yard’s operations. The company said the temporary layoffs would differ in length and that additional 900 people would be affected by other types of
All the grand blocks for Nexans’ cable laying vessel (CLV) Nexans Aurora have been assembled at the CRIST hull yard in Poland. According to Nexans, work tasks such as some steelwork, outfitting and paintwork now need to be carried out before the hull can be towed to Ulstein Verft in Norway for final
The fifth CLEANBU vessel being built for Klaveness Combination Carriers (KCC), part of Norway’s shipping company Torvald Klaveness, has been launched in China.
Gondan Shipbuilders has started the construction of two commissioning service operation vessels (CSOVs) for Østensjø Rederi. In October 2019, Østensjø Rederi signed a letter of intent for the construction of four CSOVs to meet the increasing demand in the offshore wind market. According to the lates
Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering has won an order to build liquefied petroleum tankers for Germany’s Hartmann Group. The contract includes the construction of three 5000 cubic meter LPG ships and additional order for two vessels. CIMC SOE, which is a unit of CIMC E
